TNC - Top 5 Industrials Stocks That May Fall Off A Cliff In Q1 | Benzinga
As of March 15, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.
Here’s the latest list of major overbought players in this sector.
Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN)
- On Feb. 28, Grindrod Shipping posted a narrower-than-expected quarterly loss. The company’s stock gained around 11% over the past five days and has a 52-week high of $14.90 .
- RSI Value: 72.96
- GRIN Price ...